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Merger may be revived as LIA chief executive Travis quits

LIA chief executive Jeff Travis has resigned after six years at the helm of the trade body.

His sudden departure has provoked speculation that the move may clear the way for a merger between the LIA, the Institute of Financial Planning and Sofa, possibly under the umbrella of the Chartered Insurance Institute.

Travis, the former AMP direct-sales boss, was seen by many IFAs as an obst-acle to greater co-operation between the various bodies, such as the LIA, CII, Sofa and the IFP, as he is believed to have insisted that any such move should be under the banner of the LIA.

The move comes only weeks after it emerged that the LIA was forced to go back to the drawing board over its scheme to raise standards among IFAs because it failed to win the support of other organisations.

Aifa director general Paul Smee says: “It will be interesting to see if the LIA adopts a whole new strategy.”

Sofa chairman John Porteus says: “Jeff&#39s departure is unexpected and only time will tell what change it will mean to the LIA&#39s stance on industry issues.”

Syndaxi Financial Planning principal Robert Reid says: “I think he had particularly fixed views about the marketplace. I do not think these days that fixed views are tenable.”


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